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Answer all the questions. Use APA format with more than 300 words and at least 3 references Question 1: Quebecor Printing is a commercial printing company that is expanding, acquiring ailing printing companies, and moving into international markets. They have completed more than 100 mergers and buyouts since 1972 and have focused on customized service by using “selective binding” to print. Apply strategies from Porter’s model to make Quebecor Printing’s business more profitable. Answer: Your post should be 300 words long (40 points). Please use APA throughout. Question 2 : Response by: Rajiv Reddy In order to apply the Strategies from the Porter model, first we need to understand the concept of the Porter Model. It is the Simple tool and yet a very powerful tool to understand the competition around the business and implementing the best strategies to succeed. It Helps to understand the forces which may impact the profits. There are five forces involved in Porters Model (Gope. 2019). They are · Rivalry from competition.: With this, the model analyses the strength of the opponents and competitors like the number of opponents and differentiating the quality of products from the competitors versus with our company. It gives where the company lacks when compared to the other company’s products. When the competition becomes intense ,they try to reduce the price and attract the customers and great market caigns’ the buyers don’t get good deal they would like to go with their interests. · Supplier power: It depends how the suppliers increase their prices and the number of reliable suppliers’ company is having and how unique are their products and how difficult it is to switch to another rsupplier.it is advise advisable to cheaper and good product alternative. If there are less suppliers, the more reliable and dependent a company on its supplier (Judge, W. Q. 2016). · Buying Power: Company should check how easy it is to drive the buyers to reduces their prices. And check the number of potential buyers and sizes of their orders. Check the factors which are making to use the products instead of the rivals and are they strong enough to dictate terms. · New Substitutional Threat: This refers to finding an alternative and finding a different way to doing things. For an exle ,a software which automates a business process can be changed to manual process or outsource tracheae alternate, it is substitution which is cheap and threaten the market position of the company. Answer : Please add your comments whether you accepting the response or against the response depending upon the question in more than 200 words. Below are additional suggestions on how to respond to your classmates’ discussions: · Ask a probing question, substantiated with additional background information, evidence or research. · Share an insight from having read your colleagues’ postings, synthesizing the information to provide new perspectives. · Offer and support an alternative perspective using readings from the classroom or from your own research. · Validate an idea with your own experience and additional research. · Make a suggestion based on additional evidence drawn from readings or after synthesizing multiple postings. · Expand on your colleagues’ postings by providing additional insights or contrasting perspectives based on readings and evidence. Question 3: Response by: Lokesh Quebecor printing corporation should apply Porter’s model into the business to improve its profitability. For instance, a threat of substitute products can be detrimental for Quebecor firms since customers can forgo buying their products due to similar market commodities. Therefore, this printing business should address the issue of substitute services in the industry by differentiating their product. For exle, focusing on selective binding can give them a competitive advantage over other substitute goods, thus enhancing profitability. This strategy will also help to combat competitive rivalry if the business focuses on differentiation since it improves the quality of services and products and makes the company stand out from its rivals. Differentiation can be achieved by incorporating advanced technology into their printing activities and innovate automated approaches in printing (Dobbs, 2014). Also, this force can be countered by making Quebecor services affordable compared to competitors who will increase profitability since it will attract more customers. On the other hand, suppliers’ bargaining power can be utilized to improve profits within this company. The company can apply this strategy by manufacturing its inputs and raw materials to avoid exploitation by limited suppliers in the market. It results in higher returns due to reduced input costs. This technique is most appropriate if Quebecor operates in a sector whereby suppliers of printing raw materials are scarce; thus, sources can easily be manipulated through increasing costs. The power of buyers can be altered, so customers have restricted options for printing services (Dobbs, 2014). They can place the company under pressure, thus controlling their pricing, which affects profitability. However, Quebecor can embrace a differential advantage to its products, which compel consumers to continue purchasing their services, thus increasing revenue. Lastly, Michael Porter’s model focuses on another force for profitability, which is the threat of new entrants. Quebecor should restrict new entrants into the printing industry because it gradually decreases profitability due to increased competition and substitutes. The company can attain barriers to entry through obtaining patents and rights, limiting the number of businesses to enter the printing sector (Dobbs, 2014). Also, the threat of entry from incumbents can be combatted through economies of scale, making it difficult for entry into the market. As a result, Quebecor will eventually experience increased profits and returns. Answer : Please add your comments whether you accepting the response or against the response depending upon the question in more than 200 words. Below are additional suggestions on how to respond to your classmates’ discussions: · Ask a probing question, substantiated with additional background information, evidence or research. · Share an insight from having read your colleagues’ postings, synthesizing the information to provide new perspectives. · Offer and support an alternative perspective using readings from the classroom or from your own research. · Validate an idea with your own experience and additional research. · Make a suggestion based on additional evidence drawn from readings or after synthesizing multiple postings. · Expand on your colleagues’ postings by providing additional insights or contrasting perspectives based on readings and evidence.
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